Economic
Bananas Consolidate Their Position as the Agricultural Crop With Highest Salaries in Costa Rica
Banana farming leads the Costa Rican agricultural sector in terms of remuneration, offering the highest wage for agricultural laborers, according to a recent analysis based on data from the 2024 Continuous Employment Survey (ECE) of the National Institute of...
Economic
Pros and Cons of Investing in Vacation Rental Real Estate
Investing in vacation rental real estate has become an increasingly popular way to generate passive income, build equity, and diversify financial portfolios. With the rise of platforms like Airbnb and Vrbo, short-term rentals provide property owners with lucrative opportunities...
Economic
Costa Rica Breaks Record for International Dollar Reserves
Never before in history has Costa Rica had so many dollars stored in its international reserves. The Central Bank reports a total of $14.836 billion, an unprecedented figure that places the country at an unprecedented moment, so much so...
Economic
Costa Rica’s Economy Has Taken Five Years to Fully Recover From the Pandemic
After five years of the COVID-19 pandemic, the economy has finally fully recovered. For example, after registering a 4.3% drop in production in 2020, the country averaged growth close to 4% starting in 2022. This helped sectors recover, driven...
Economic
Costa Rica Received US$11 Million in Investments for Film Productions In 2024
Costa Rica received more than US$11 million in 2024 in investments associated with the filming of audiovisual productions, including projects developed for renowned platforms such as Netflix, Hulu, BBC, and Hallmark, an official source reported Thursday.The amount corresponds to...
Economic
An Amazing Fact: Costa Rica´s Marine Area is 10 Times Larger Than its Land Mass!
Costa Rica, a jewel of Central America, is renowned for its biodiversity, pristine landscapes, and commitment to sustainability. But one surprising fact about this small yet remarkable nation is that its marine area is approximately ten times larger than...
Money
Hot Wallet System for Crypto: What Is It And How Does It Work?
It has been 16 years since the first digital wallet was introduced, and during this time. They have evolved significantly, become more complex, and taken on various forms. Today, we'll focus on one of these types: the hot wallet...
Economic
Airbnb Has Collected and Remitted More Than $5 Million in Taxes to the Treasury in Costa Rica
The Airbnb platform delivered a new update of the tax contribution it has made in Costa Rica, which amounts to more than $5 million dollars as of December 2024 . This tax collection and payment has been carried out...
Economic
Reshoring and Onshoring vs. Nearshoring: How can Costa Rica “Surf” the Wave of Changes in International Trade?
First it was the turn of nearshoring, when companies, especially from the United States, sought to move operations from Asia to closer markets where they had confidence. There Costa Rica took the lead, adding from qualified human resources to...
Economic
Costa Rica is Generating Foreign Currency in Much Abundance, the National Goverment Confirms This
The President of the Republic, Rodrigo Chaves, referred this past week February 12, to the abundance of dollars in Costa Rica. The Minister of Economy, Industry and Commerce (MEIC), Patricia Rojas Morales, was giving her weekly report when she...
Latest News
Costa Rica Jade Museum to Hold Holiday Workshops
The National Insurance Institute's (INS) Jade and Pre-Columbian Culture Museum invites the little ones to free workshops held during...